Mineral Deposits Limited: Despatch of in Specie Distribution and Share Consolidation
03.12.2010 | Marketwire
MELBOURNE, AUSTRALIA -- (Marketwire) -- 12/02/10 -- Mineral Deposits Limited 'MDL' (TSX: MDM) (ASX: MDL) wishes to advise that the in specie distribution of common shares in Teranga Gold Corporation ('Teranga' - stock code TGZ) to MDL shareholders (the 'Teranga In Specie Distribution') and the share consolidation of MDL's shares on a 1:10 basis (the 'Share Consolidation'), as approved by shareholders at the Special and Annual General Meeting held 9 November 2010, have been completed today.--------------------------------------------------------------------
Teranga shares distributed to MDL
shareholders on a pro rata basis 160,000,262
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Teranga shares retained by MDL 39,999,838
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Confirmation of ratio of Teranga
In Specie Distribution Pre Share Consolidation - 0.2633
Post Share Consolidation - 2.633
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Issued capital of MDL post Share 60,768,582 fully paid ordinary
Consolidation shares
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Unlisted options on issue 2,945,000
Comprising:
MDLAA Expiry 1 July 2011 1,000,000 @ A$10.78
MDLAW Expiry 29 November 2012 650,000 @ A$12.78
MDLAY Expiry 5 December 2012 100,000 @ A$12.78
MDLAZ Expiry 10 April 2011 1,000,000 @ A$10.78
MDLAS Expiry 1 May 2011 25,000 @ A$16.78
MDLAU Expiry 18 July 2012 170,000 @ A$12.78
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Registered shareholders will shortly receive confirmation of their new holdings in both MDL and Teranga.
MDL is awaiting the release of a Class Ruling from the Australian Taxation Office regarding specific income tax issues for MDL shareholders, as set out in MDL's Notice of Special and Annual General Meeting and Explanatory Memorandum. When available, MDL will release an announcement to ASX/TSX.
ABN 19 064 377 420
Contacts:
Mineral Deposits Limited
Kathryn Davies, Company Secretary
+61 3 9909 7633
kathryn.davies@mineraldeposits.com.au
Mineral Deposits Limited
Rick Sharp, Chief Financial Officer
+61 3 9909 768
rick.sharp@mineraldeposits.com.au
www.mineraldeposits.com.au
